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Some Canadian institutions had to do some selling they didn't want to do recently. Pinetree example, from a news article "The debt covenant at issue prohibits the company's debt from exceeding 33 per cent of the total value of its assets, as reflected on its (unaudited) consolidated balance sheet as at the last day of each month. As at Oct. 31, 2014, Pinetree's debt-to-assets ratio was 38.8 per cent." This brought the share price way down on some companies but not for any fundamental reason, but just because these financial institutions were forced to sell quickly. I believe we're at the lows for these companies hurt by this forced selling. Read more at [link]
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